Overview/Key Facts
We are a leading owner of local retail property throughout the UK. We principally invest in local parades and neighbourhood venues for “top-up” shopping.
Our investment objective is to provide our shareholders with an attractive and growing level of income, with additional capital growth through trading and active asset management.
Our portfolio comprises shops which are well established in their local communities. We also invest in new developments of local shops where these are supported by existing or newly built residential property.
Our business model is a simple one:
Accretive acquisitions in sustainable locations based on local market knowledge
Active asset management to generate income and capital growth
Robust financing: debt that is: low cost, long term, hedged
Maintaining a prudent level of gearing
Recycling capital through sales of lower yielding and ex-growth properties
Efficient systems for purchases, sales and asset management
Maintaining and devloping a national network of local property advisors
Strategy
Our entire success will be based upon the continuing effective execution of our strategy:
* To optimise the value of income from existing rents
* To use our unique business platform and management skills to grow revenue, which will be achieved by:
- sales of ex-growth properties to invest in new opportunities
- portfolio or corporate acquisitions
- the creation of further partnership vehicles aligned to our sector; and
- distressed asset management